Answer:
The initial deposit should be $ 25.46
Explanation:
The Annuity formula is
P=R [1−(1+i)^-n/i]⋅(1+i)
Where
P= Initial deposit
R=Regular Withdraw amount
i=Interest rate
n=Number of years/periods
After entering corresponding values in the formula we get $25.46
so P (which is our initial deposit)=25.46
Answer:
The correct answer is option b.
Explanation:
Mexico is a poor country, 9% of its total population live in extreme poverty. While 33% live in moderate poverty. This means 42% of the population lives below the national poverty line.
In the last year, the economic growth rate of Mexico was greater than Canada but less than USA.
The growth rate over the past century was lesser than US.
Answer:
c. A new technology such as the Internet has just been introduced, and it increases investment opportunities.
Explanation:
Nominal interest rate is the sum of real interest rate and expected inflation rate.
If expected inflation rate falls, the nominal interest rate also falls.
During a recession, people are more unwilling to borrow funds ,this pushes interest rate down.
If investment opportunities increases, the demand for funds would increase and nominal interest rate would increase too.
I hope my answer helps you
Preparing a post-closing trial balance is the final step in the accounting cycle and happens after all accounts have been updated with finished journal entries.
<h3>Why is a Post Closing trial balance performed?</h3>
Post-closing trial balance: The post-closing trial balance is run behind closing entries that have been assembled and serve two purposes. It guarantees that debits and credits match while also confirming that temporary account credits have been reset to zero to begin the new accounting term.
The closing entry aims to reset the temporary account proportions to zero on the general ledger, the record-keeping system for a firm's financial data.
To learn more about the Post Closing trial balance visit the link
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